Daily Ag Direction 9/11/25
Good Morning!
The wheat complex faced additional selling pressure overnight as ample global production continues to weigh on sentiment. Trading volume remains light ahead of tomorrow’s September WASDE, with many participants waiting for the report before stepping back into the market.
Soybean futures are once again pressing against major support at $10.25, after losing the old $10.45 floor. For now, board prices may not see much movement until USDA’s report is released, which has the potential to drive markets either direction. August is shaping up as the driest since 2013, and that puts extra focus on where USDA will set yield estimates as of September 1.
From a demand standpoint, there are several moving parts. China remains the wild card, but even if their purchases slow, U.S. beans are currently priced cheaper than Brazil. That means other importing countries should find value in U.S. supplies. Bottom line: yield adjustments and demand flows will both play a big role in how ending stocks shake out, so producers should be prepared for potential volatility around the report.
Reminder: We are now accepting enrollments for the JSA Select Program on wheat. This managed bushel program allows participating producers to have their bushels actively managed by JSA professionals, who handle futures pricing on your behalf. The signup deadline is October 24th. For more details, please contact your local co-op or your CEA Risk Management Advisor.
Dec KC Wheat is down a ¼ penny @ $5.0675
July 26 Wheat is up a ¼ penny @ $5.5375
Dec Corn is up ½ penny @ $4.175
Nov Soybeans are +7.25 @ $10.325
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
